$1,400,000
Redding, CA 96003
MLS# 23-3687
Status: Closed
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Property Description
2 remodeled fourplexes for sale together with excellent cashflow. All units 2 Bedrooms and 1.5 Bathrooms. 7 of the 8 units are rented month to month and applications are being reviewed for the 8th. 7 of the 8 units have been fully remodeled floor to ceiling with high quality modern finishes. The exteriors have been fully renovated and both roofs have been replaced. The parking lot was resealed and re-striped. Annual gross income is approximately $129,000 including onsite laundry contract. These are high quality properties ready for your clients looking for a low maintenance investment.
Details
Maps
Address Information
Cross Street: Lake Blvd
Street Number: 150 & 170
Street Name: Masonic Avenue
State/Province: CA
Postal Code: 96003
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 1440000
Parcel Number: 113-340-010, 011, 015, 016
Lot Dim or Acres: 0.44
GP Zone: NOT AVAILABLE
Zoning: RED - C-2 - Central Commericial District
Year Built Desc: 01-05 Years
Stories: 2
Current Price: $1,400,000
Area: 01 - NW Redding
Subdivision: N/A
Year Built: 1978
Remarks
Public Remarks: 2 remodeled fourplexes for sale together with excellent cashflow.
All units 2 Bedrooms and 1.5 Bathrooms.
7 of the 8 units are rented month to month and applications are being reviewed for the 8th.
7 of the 8 units have been fully remodeled floor to ceiling with high quality modern finishes.
The exteriors have been fully renovated and both roofs have been replaced.
The parking lot was resealed and re-striped.
Annual gross income is approximately $129,000 including onsite laundry contract.
These are high quality properties ready for your clients looking for a low maintenance investment.
Directions: From I-5 exit 299/Lake Blvd, head west and turn left (south) on Masonic Avenue. The property is on the right.
Unit Type
Complex: 1
Four Plex: 1
Sub Zoning
Commercial: 1
Exterior
Wood: 1
Parking
Off Street: 1
Unit Description
2 Bedroom: 1
Available Terms
All Cash to Seller: 1
Possession
Close of Escrow: 1
Selling Terms
Other: 1
Existing Rntl Terms
Month to Month: 1
Unit 1
Unit #: 150 Masonic #1
# Bedrooms: 2
# Baths: 1.5
Rent: 1325
SqFt: 924
Remarks: Remodeled - Vacant
Unit 2
Unit #: 150 Masonic #2
# Bedrooms: 2
# Baths: 1.5
Rent: 1240
Deposit: 2480
SqFt: 924
Remarks: Remodeled - Occupied
Unit 3
Unit #: 150 Masonic #3
# Bedrooms: 2
# Baths: 1.5
Rent: 1325
Deposit: 1863
SqFt: 924
Remarks: Remodeled - Occupied
Unit 4
Unit #: 150 Masonic #4
# Bedrooms: 2
# Baths: 1.5
Rent: 845
Deposit: 1500
SqFt: 924
Remarks: Not Remodeled - Occu
Unit 5
Unit #: 170 Masonic #1
# Bedrooms: 2
# Baths: 1.5
Rent: 1325
Deposit: 1987
SqFt: 924
Remarks: Remodeled - Occupied
Unit 6
Unit #: 170 Masonic #2
# Bedrooms: 2
# Baths: 1.5
Rent: 1375
Deposit: 2062
SqFt: 924
Remarks: Remodeled - Occupied
Unit 7
Unit #: 170 Masonic #3
Bed: 2
Bath: 1.5
Rent: 1325
Deposit: 1990
SqFt: 924
Remarks: Remodeled - Occupied
Unit 8
Unit #: 170 Masonic #4
Bed: 2
Bath: 1.5
Rent: 1375
Deposit: 2062
SqFt: 924
Remarks: Remodeled - Occupied
Contract Information
Status: Closed
List Date: 2023-09-13
Sold Date: 2023-12-29
Under Contract Date: 2023-10-31
Sold Price: $1,400,000
Property Features
Unit Type: Complex; Four Plex
Sub Zoning: Commercial
Exterior: Wood
Parking: Off Street; Off Street
Unit Description: 2 Bedroom
Existing Rntl Terms: Month to Month
Available Terms: All Cash to Seller
Possession: Close of Escrow
Selling Terms: Other
IDX
Listing Office: Haedrich & Co., Inc.
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.